The answer is no… They may certainly have the same structure but not the same combustion behaviour responsible for market momentum. The up trending wave W3 has more difficulty to develop compared to wave W3 in downtrend. As they say "it’s easier to fall than to climb". The main difference is the volume. The up trending wave W3 needs a certain amount of combustible and the down trending wave W3 may drop like a stone, without or with little volume. The only exception is the panic phenomenon when the down trending volume is exacerbated, which can match in value, the strong volume of a steep up trending wave W3.
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